IN RE VAUGHN

Bankruptcy No. 185-02881, Adv. No. 86-8068.

67 B.R. 140 (1986)

In re David E. VAUGHN and Debbie S. Vaughn, Debtors. HEIGHTS FINANCE CORPORATION, Plaintiff, v. David E. VAUGHN and Debbie S. Vaughn, Defendants.

United States Bankruptcy Court, C.D. Illinois.

November 20, 1986.


Attorney(s) appearing for the Case

Kevin D. Schneider, Westervelt, Johnson, Nicoll & Keller, Peoria, Ill., for plaintiff.

James S. Brannon, Peoria, Ill., for defendants.


OPINION AND ORDER

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

Section 522(f) of the Bankruptcy Code permits a debtor to avoid certain liens to the extent that they impair an exemption to which the debtor would have been entitled. The exemption laws of many states, including Illinois, provide that it is only the debtor's equity interest in property which is exempt. The question before the Court is whether a lien can be avoided under Section 522 when applicable...

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